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Upper midwest... lots of buildable land, urban sprawl, metro area.
I predict a rate of inflation increase after a correction in the market. ie, more like the 50 years before the recent run-up for our market. I would suspect the best areas for future growth (near term at least) would be areas with net population growth and / or scarcity of resources (land or labor).
Current townhouse was purchased in 2002. Comp sales for other townhouses show a high water mark of 7% straight appreciation (not CAGR). If we sell it at our current price it will be 3% straight appreciation. (and it's uglier once we subtract broker fees).
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